The Inter-Parliamentary Alliance on Digital Regulation recently wrote to Treasury Secretary Rachel Reeves, urging the government to amend the current stablecoin regulation draft to avoid stifling innovation and preventing capital outflows. The letter was signed by several prominent parliamentarians and nobles, including Sir Gavin Williamson, Lord Camrose, and Baroness Wilma, directly criticizing the Bank of England's current regulatory proposal as "potentially overly restrictive." Members of parliament emphasized that stablecoins have become a vital infrastructure of the digital economy, playing an increasingly critical role in the global financial system. In 2024, stablecoin trading volume reached $27.6 trillion, surpassing the combined volume of Visa and Mastercard transactions, and is expected to break through $100 trillion before 2030. They believe stablecoins are reshaping the way payments, settlements, and cross-border finance are conducted, and are also the core driving force behind future financial inclusion and efficiency improvements.